5 - Saddaruddin
Hashwani Pakistan
Ranking: 5 Worth: £550m
($1.1billion) Industry: Businessman
Saddaruddin Hashwani
is Chairman Hashoo Group is known
for his dominance in Pakistan’s
hotel industry, though Hashwanis
are have huge strength in real
estate business too. Hashwanis
are involved in trading of cotton,
grain and steel and till the nationalization
of cotton export in 1974, they
were widely being dubbed as the
Cotton Kings of Pakistan. Today,
this group has excelled in export
of rice, wheat, cotton and barley.
It owns textile units, besides
having invested billions in mines,
minerals. hotels, insurance, batteries,
tobacco, residential properties,
construction, engineering and
information technology.
In 1984, Hashwani defeated
the Lakhanis in the bid for Premier
Tobacco but was arrested along
with his brother Akbar in 1986
for allegedly evading customs
duty on cigarettes. Sadarduddin’s
brother Akbar and the children
of another late brother Hassan
Ali Hashwani together manage around
45 companies. Akbar runs the second
Hashwani Group. He is one of the
most well-known magnates in Pakistan
who is a regular invitee at the
Diplomatic Enclave. The list of
local and international bigwigs
known personally to Hashwani is
unending.